2016 New York Laws
PVH - Private Housing Finance
Article 2 - (Private Housing Finance) LIMITED-PROFIT HOUSING COMPANIES
13-A - The applicability of not-for-profit corporation law.

  13-a.  The  applicability of not-for-profit corporation law. 1. The
  not-for-profit corporation law applies to every  company  heretofore  or
  hereafter  formed  under this article and the not-for-profit corporation
  law, provided that:
(a) If any provision of the not-for-profit corporation  law  conflicts
  with  any provision of this article, the provision of this article shall
  prevail and the conflicting provision of the not-for-profit  corporation
  law  shall  not apply in any such case. If any provision of this article
  relates to a matter embraced in the not-for-profit corporation  law  but
  is not in conflict therewith, both provisions shall apply.
(b)  The  following  provisions  of the not-for-profit corporation law
  shall not apply to companies formed pursuant to  this  article  and  the
  not-for-profit corporation law:
Paragraphs  (7)  and  (8)  of  subdivision  (a) of section one hundred
  twelve, section one hundred  thirteen,  section  one  hundred  fourteen,
  section  two  hundred  one,  section  three  hundred four, section three
  hundred seven, section four hundred four, subdivision (3)  of  paragraph
  (a)  of  section five hundred ten, section six hundred nine, section six
  hundred seventeen, paragraphs (a) and (b) of section eight hundred four,
  article nine, section ten hundred eleven, section  ten  hundred  twelve,
  article thirteen, article fourteen.
2.  Every  corporation  to which the not-for-profit corporation law is
  made applicable by this section is a charitable corporation  as  defined
  in  paragraph  (a)  of  section  one  hundred  two  (Definitions) of the
  not-for-profit corporation law for all purposes of that law.